Caterpillar cut CEO's 2013 compensation 32 percent to $12 million as profit and sales fell

  • by: DAVID KOENIG , Associated Press
  • Updated: April 21, 2014 - 6:15 PM

DALLAS — Caterpillar Inc. cut the value of its CEO's pay package by 32 percent to $12 million in 2013, a year when the heavy machinery maker saw its profits fall by a third, according to an Associated Press analysis.

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